As of the time of writing, the price of Bitcoin is $95,427, falling below the important short-term support line of MA30, which means that the third sub-wave of the fifth wave of Bitcoin has ended on December 17, and is currently in the fourth sub-wave adjustment wave stage. The adjustment wave is usually a three-wave structure of A-B-C. At present, the A wave of the fourth sub-wave has been completed or is close to completion. After the completion of A wave, there will be a B wave rebound, which may rebound to the position of MA30. After the B wave rebound is completed, there will be a C wave decline. The end point of C wave may be support level 1: 90800 and support level 2: 85000.
The first round of Bitcoin's decline has come to an end for the time being. Now it is in a high-level shock waiting for a new direction. The market has entered an oversold state in the short term (oversold does not mean that it will not fall, but that it can rebound after falling). It is not easy to fall in the short term, and it will not accelerate downward. While the shorts are winning, the dealers will also celebrate. The market will slow down and let the bulls recover. In the short term, we need to observe ETH and BTC, altcoins and ETH, and understand the market by comparing the decline. The medium-term bottom has not yet been found, but we should be happy. The coins that have been cut in half are more delicious.
What we need to do now is not to act rashly, and not to switch positions when we see a rising coin. Instead, if we see a coin that has not risen, we should hold on to it. My investment mentality is very stable: the worst result is zero. If I can even accept this, who else in the cryptocurrency circle can hurt me? What is human nature? Human nature is that in a bear market, people think Bitcoin is too expensive and that it will not rise several times, so they turn around and buy altcoins. Seeing the Bitcoin skyrocket, they began to regret not fully investing in Bitcoin and questioned the altcoin season. Later, when the altcoins were sold, all kinds of altcoins went wild... To succeed in investing, you must understand human nature, and even go against human nature. No one can succeed in investing casually. Even if it is the simplest way to hold on to something, few people can persist for 4 years.
Many fans asked which one will rise next? Which one will fall? I'm afraid only God knows, but don't switch back and forth, let alone chase the rise and sell the fall, it's a taboo! Violators will be killed without mercy! (By the market) Investing requires a certain amount of concentration. As long as you have strong concentration, even Satoshi Nakamoto will have to listen to you. Finally: Hold on tightly, don't change if it doesn't rise! The alt season is coming soon! The Federal Reserve and Japan's interest rate meetings have all been announced, and the next ones are Christmas and New Year's Day, which have little liquidity. Trump's re-entry into the White House in January may promote relevant legislation, which will in turn affect the future direction of the crypto market. At the same time, FTX compensation and the resumption of trading of US ETFs are also expected to bring new capital inflows in January, and the market is expected to pick up. Therefore, the time window from the end of December to the beginning of January is the time we focus on. Perhaps starting today is a good time to buy the bottom of strong alts!
That’s all I have to say today. During the bull market, many people hope to set up a free communication group. If you really can’t handle the cryptocurrency circle by yourself, don’t force yourself. Come to me to become my apprentice, get the latest information, plan, embrace the bull market, improve your winning rate, and say goodbye to being trapped at high levels.
As of writing, the price of Bitcoin is $95,427, falling below the important short-term support line of MA30. This means that the third sub-wave of Bitcoin’s fifth wave ended on December 17, and it is currently in the fourth sub-wave adjustment stage.
The adjustment wave is usually a three-wave structure of A-B-C. At present, the A-wave decline of the fourth sub-wave has been completed or is close to completion. After the completion of A-wave, there will be a B-wave rebound, which may rebound to the position of MA30. After the B-wave rebound is completed, there will be a C-wave decline. The end point of C-wave may be the support level 1: 90800 and the support level 2: 85000.
The first round of Bitcoin’s decline has come to a temporary end. It is now in a high-level oscillation awaiting a new direction. The market has entered an oversold state in the short term (oversold does not mean that it will not fall, but that it will rebound if it falls). It will not fall easily in the short term, and it will not accelerate downward. While the shorts are winning, the dealers will also celebrate. The market’s decline will slow down, allowing the bulls to recover.
In the short term, we need to observe ETH and BTC, altcoins and ETH, and understand the market by comparing the declines. There is still no bottom in the medium term, but we should be happy, because the coins taste better after being cut in half.
What we need to do now is not to act rashly, and not to switch positions when we see a rising coin. Instead, we should hold on to the coins that have not risen.
My investment mentality is very stable: the worst result is zero. If I can even accept this, who else in the cryptocurrency circle can hurt me?
What is human nature?
Human nature is that in a bear market, people think Bitcoin is too expensive and that it will not increase several times, so they turn around and buy altcoins. Seeing the Bitcoin skyrocket, they start to regret not investing all in Bitcoin and question the altcoin season. Later, when the altcoins were sold, all kinds of altcoins started to run wild...To be successful in investing, you must understand human nature, and go against human nature. No one can succeed in investing easily. Even if it is the simplest way to hold on, few people can persist for 4 years.
Many fans asked which one will rise and which one will fall next?
Only God knows, but don’t change it back and forth, and don’t chase the rise and sell the fall, it’s a taboo! Violators will be killed without mercy! (By the market) Investing requires a certain amount of concentration. As long as you have strong concentration, even Satoshi Nakamoto will have to listen to you. Finally: hold on tightly, don’t change if it doesn’t rise! The copycat season is coming soon!
The Federal Reserve and Japan's interest rate meetings have all been announced, and the only things left are Christmas and New Year's Day, which have little liquidity. Trump's re-entry into the White House in January may promote relevant legislation, which in turn will affect the future direction of the crypto market. At the same time, FTX compensation and the resumption of trading of US ETFs are also expected to bring new capital inflows in January, and the market is expected to pick up. Therefore, the time window from the end of December to the beginning of January is the time we focus on. Perhaps starting today is a good time to buy the bottom of strong copycats!
That’s all I have to say today. In the bull market, many people hope to make a free one. If you really can’t play the cryptocurrency circle by yourself, don’t force yourself. Come to me to learn from me, learn the latest information, make plans, embrace the bull market, improve your winning rate, and say goodbye to being trapped at high positions. #币安Alpha项目公布 #市场调整後的机会？ #美联储放鹰 #圣诞行情预测 #萨尔瓦多增持BTC
